Current:Home > MarketsToyota to invest $922 million to build a new paint facility at its Kentucky complex -AssetLink
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
View
Date:2025-04-21 12:04:22
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (49918)
Related
- Oklahoma parole board recommends governor spare the life of man on death row
- Piece of Eiffel Tower in medals? Gold medals not solid gold? Olympic medals deep dive
- Andy Murray pulls off unbelievable Olympic doubles comeback with Dan Evans
- US men’s basketball team rolls past Serbia 110-84 in opening game at the Paris Olympics
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Team USA men's water polo team went abroad to get better. Will it show at Paris Olympics?
- Rafael Nadal beats Márton Fucsovics, to face Novak Djokovic next at Olympics
- Why Olympian Jordan Chiles Almost Quit Gymnastics
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Céline Dion's dazzling Olympics performance renders Kelly Clarkson speechless
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Is Christian Pulisic playing in the Olympics? Why USMNT star isn't at 2024 Paris Games
- Olympic gold medals by country: Who has won the most golds at Paris Olympics?
- Will Simone Biles' husband, Chicago Bears safety Jonathan Owens, be in Paris?
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Simone Biles says she has calf discomfort during Olympic gymnastics qualifying but keeps competing
- Joe Biden is out and Kamala Harris is in. Disenchanted voters are taking a new look at their choices
- Rafael Nadal will compete in singles at the Paris Olympics, his manager tells the AP
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Go inside Green Apple Books, a legacy business and San Francisco favorite since 1967
'Futurama' Season 12: Premiere date, episode schedule, where to watch
3 Members of The Nelons Family Gospel Group Dead in Plane Crash
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
WNBA players ready to help Kamala Harris' presidential bid
Arizona judge rejects wording for a state abortion ballot measure. Republicans plan to appeal
Celine Dion saves a wet 'n wild Paris Olympics opening ceremony: Review